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Strat's Long Term Stress Free Trading

  • #15,921
  • Sep 26, 2011 9:03pm Sep 26, 2011 9:03pm
Quoting Grimweasel
Indeed- from a daily perspective and with hindsight and the double top, a short could have been justified. But, when looking at the weekly chart the trend is very much up still. There is still a pattern of HHs and HLs.

Would it not be better to wait for this Boss signal to be broken and then use the daily to fine tune a short entry in unison with the Boss? I don't even see a Boss reversal candle (as per Strat's teachings). I would be a seller on a Boss LH with PA reversal candle; I know I won't hit the exact top but at least one then has the Boss...
Absolutely definitely still up - still making HH and HL, the MAs are correctly aligned, the planets are aligned, everything you can think of says "UP"
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,922
  • Sep 26, 2011 9:03pm Sep 26, 2011 9:03pm
[quote=Grimweasel;4987309]Indeed- from a daily perspective and with hindsight and the double top,

I believe Strat calls it the rubber band effect, still counter trend but over due for retracement. It just needs to be treated as such.

Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #15,923
  • Sep 27, 2011 2:25am Sep 27, 2011 2:25am
Thanks Strat et al,

I agree on the rubber band trade; but by keeping trade records what I have found is that taking CT trades (for me) only has about a 30% success rate, whereas WT trades stack up with a higher win rate of around 54%.

Gold put in a 90% Volume day yesterday. Looks like a sharp sell off reversed.
Trade less and become more profitable!
  • #15,924
  • Sep 27, 2011 12:27pm Sep 27, 2011 12:27pm
.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m5.gif Size: 36 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,925
  • Sep 27, 2011 1:42pm Sep 27, 2011 1:42pm
Quoting strat
.
5-min, very disappointed First position off.
Attached Image (click to enlarge)
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  • #15,926
  • Sep 27, 2011 2:24pm Sep 27, 2011 2:24pm
Quoting strat
.
Reminds me of the FX500 (FX pimp) days on the 5min chart!
  • #15,927
  • Sep 27, 2011 3:34pm Sep 27, 2011 3:34pm
Quoting strat
.
75 pips of unadulterated Stress Strat?

I take it this was not your chart? Since when do you go back to the Devil's Time Frame??

I had a cool 500 stress free pips from the Dow Jones Hammer - with a limit order to take profits at the monthly 20ema that seems to be acting as resistance on that chart currently. CT yes, but a channel play from S to R level.
Trade less and become more profitable!
  • #15,928
  • Sep 27, 2011 3:36pm Sep 27, 2011 3:36pm
Quoting rossobonks
Reminds me of the FX500 (FX pimp) days on the 5min chart!
LOL - Indeed - but you didn't even have the luxury of seeing PRICE in those days as they used those wretched Henike Ashe candles!!! ;-(
Trade less and become more profitable!
  • #15,929
  • Sep 28, 2011 4:36pm Sep 28, 2011 4:36pm
[quote=Grimweasel;4992800]75 pips of unadulterated Stress Strat?

I take it this was not your chart? Since when do you go back to the Devil's Time Frame??

All mine, Danny Boy - full details were posted on you know where!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,930
  • Sep 29, 2011 7:18am Sep 29, 2011 7:18am
[quote=strat;4996539]
Quoting Grimweasel
75 pips of unadulterated Stress Strat?

I take it this was not your chart? Since when do you go back to the Devil's Time Frame??

All mine, Danny Boy - full details were posted on you know where!

I see. I'm intrigued? Come Jan and the end of studies I will be back with you on 'you know where'!
Trade less and become more profitable!
  • #15,931
  • Sep 29, 2011 2:17pm Sep 29, 2011 2:17pm
Since I am short EURUSD and price was against me, I have been monitoring shorter time frames.

At my lunch time, I took a look, saw this and could not turn it down.

31 stress free, low risk pips in 65 minutes

As I have said many times, my PASR method works on ALL time frames on ALL freely traded financial instruments.

That's 29 pips per hour of M5 effort which is NOTHING compared to Daily pips per hour of effort.

Full details on here:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m5.gif Size: 40 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,932
  • Sep 30, 2011 3:37pm Sep 30, 2011 3:37pm
Scalpin man, scalpin maaan.

Pips from everywhere if I caaaan!


I go scalping with PASR

Open my hand and there they are....


Scalpin man, Scalpin maaaan.


Spinner 'Tis in the Waiting.....
  • #15,933
  • Oct 1, 2011 2:29pm Oct 1, 2011 2:29pm
Quoting Spinner
Scalpin man, scalpin maaan.

Pips from everywhere if I caaaan!


I go scalping with PASR

Open my hand and there they are....


Scalpin man, Scalpin maaaan.


Maybe you are Rabbie Burns reincarnated Skye Man!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,934
  • Oct 2, 2011 12:32pm Oct 2, 2011 12:32pm
I still don't get why people would go M5 scalping? Over the years I have always felt much more stressed and anxious when on the M5 TF. Surely the best way to trade is to 'set and forget' and trade the daily? I know this works for me as I don't have the time to monitor every M5 candle when at work.

I hear of quite a few traders being burnt in the day trading arena of late due to the very skittish and volatile conditions.

Horses for courses I guess ;-)
Trade less and become more profitable!
  • #15,935
  • Oct 2, 2011 4:35pm Oct 2, 2011 4:35pm
Quoting Grimweasel
I still don't get why people would go M5 scalping? Over the years I have always felt much more stressed and anxious when on the M5 TF. Surely the best way to trade is to 'set and forget' and trade the daily? I know this works for me as I don't have the time to monitor every M5 candle when at work.

I hear of quite a few traders being burnt in the day trading arena of late due to the very skittish and volatile conditions.

Horses for courses I guess ;-)
I'm with you on this, I am very surprised that Strat is doing the small time frame stuff after years of lecturing about how it is financial suicide(which it is). Don't misunderstand me though I am not knocking his methodology, I use it myself, just not on the small time frames. Anyway I guess if it works for these guys that's fine......
  • #15,936
  • Oct 2, 2011 6:43pm Oct 2, 2011 6:43pm
Quoting dart
I'm with you on this, I am very surprised that Strat is doing the small time frame stuff after years of lecturing about how it is financial suicide(which it is). Don't misunderstand me though I am not knocking his methodology, I use it myself, just not on the small time frames. Anyway I guess if it works for these guys that's fine......
I still don't get why people would go M5 scalping?

Neither do I

Over the years I have always felt much more stressed and anxious when on the M5 TF.

That's because you are NOT in control of your emotions and maybe not confident in PASR or your understanding of it. I was in the same position until I created my PASR and learned how to control the Little People.

Surely the best way to trade is to 'set and forget' and trade the daily?

Absolutely positively 100% correct

I hear of quite a few traders being burnt in the day trading arena of late due to the very skittish and volatile conditions.

Only rookies, amateurs and newbies are getting burnt – my short time frame professional pals are doing very well, thank you very much.

I am very surprised that Strat is doing the small time frame stuff after years of lecturing about how it is financial suicide(which it is).

I’m NOT doing short time frames. You both missed the point that I was in a trade which was going against me so I was just LOOKING at M5 when I SAW THE OPPORTUNITY. I wasn’t looking to trade but when you SEE an opportunity and with a small SL, you have to be an idiot not to take the trade.

Why do you think I said this:-

That's 29 pips per hour of M5 effort which is NOTHING compared to Daily pips per hour of effort.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,937
  • Oct 3, 2011 5:05am Oct 3, 2011 5:05am
when I see those same charts but in the daily, then I know there is the possibility of something good.
Spinner 'Tis in the Waiting.....
  • #15,938
  • Edited 5:01pm Oct 3, 2011 4:05pm | Edited 5:01pm
I dont know whether to laugh or cry..
After 4 months, with no prior trading experience, this guy (below 30 years of age) is trading 5,000,000$ a trade.. and to top this he ll propably be getting payed top dollars to do so.

Hmm "speculative" and he finds his job "very exciting" too..
I dont know whether to laugh or cry honestly

gb

Inserted Video
  • #15,939
  • Oct 4, 2011 7:59am Oct 4, 2011 7:59am
Quoting Rubens PP
I dont know whether to laugh or cry..
After 4 months, with no prior trading experience, this guy (below 30 years of age) is trading 5,000,000$ a trade.. and to top this he ll propably be getting payed top dollars to do so.

Hmm "speculative" and he finds his job "very exciting" too..
I dont know whether to laugh or cry honestly

gb

http://www.youtube.com/watch?v=qk8Dx...eature=related
But he has $multi million software and broker forward orders at his disposal - all he has to do is "point and click" - he probably doesn't know how to spell "analysis".
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,940
  • Oct 4, 2011 7:18pm Oct 4, 2011 7:18pm
Posted by one of our members on Oct 03, 2011:

4 October Update EURJPY, CADJPY, USDCHF

EURJPY Day 4 TP hit +136 pips; SL now at BE so now a free trade. Entry position now at +440 pips, Add On position now +250 so total open profit now +690 pips.

CADJPY Day 4 TP hit +150 pips; Free trade.
Entry position now at +400, and Add On at +200, so total open profit now standing at +600 pips

Total banked profit on Entry position +100, Add On +150; +250 total.

USDCHF Please note previous remarks about this trade.

Open profit at about +1,820 pips and still going north.

This was from a CONSISTENT LOSER before he learned to trade like a PROFESSIONAL by subscribing to::
15 YEARS OF PASR ON FOREX FACTORY!
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